AC-T: Is the end near for NC film incentives?

Here’s an excerpt from the Asheville Citizen-Times article:

Incentive changes are expected to be part of the lawmakers’ upcoming budget negotiations to hammer out difference between the House and Senate plans.

The current law gives a 25 percent refund to productions that spend more than $250,000, with a payout cap of $20 million for most productions and no monetary limit on TV series. …

Films made in North Carolina during the last fiscal year qualified for $61 million in rebates, according to state government figures.

Some critics have called the payments too rich when calculated against the number of jobs the industry creates and wanted the credit to expire. Others say the current incentives amended in 2010 should be made permanent because they’ve helped revive North Carolina’s film industry, which, they say, boosts business across industries, from caterers feeding the cast to gas stations fueling the crew trucks.

Incentives for film companies have bipartisan support among Buncombe lawmakers who responded to questions last week.

About Jake Frankel
Jake Frankel is an award-winning journalist who enjoys covering a wide range of topics, from politics and government to business, education and entertainment.

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